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Avalanche Effect
The Avalanche Effect is a term used in cryptography to describe a desirable property of cryptographic algorithms, particularly in hashing and encryption functions. The Avalanche Effect occurs when a small change in the input (such as flipping a single bit) causes a significant and unpredictable change in the output. This property ensures that even minor…
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Non-Fungible Tokens (NFTs)
Non-Fungible Tokens (NFTs) are a type of digital asset that represents ownership or proof of authenticity for unique items, whether they are digital or physical. Unlike fungible tokens, which are identical and interchangeable (such as cryptocurrencies like Bitcoin or ADA), NFTs are one-of-a-kind assets that are non-interchangeable. Each NFT has a unique identifier that distinguishes…
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Fungible Tokens (FTs)
Fungible tokens are digital assets that are interchangeable with each other, meaning that each unit of the token holds the same value and characteristics as any other unit. In other words, one fungible token is equal in value and function to another token of the same type. This property makes fungible tokens ideal for use…
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Graphical User Interface (GUI)
A Graphical User Interface (GUI) is a user interface that allows individuals to interact with electronic devices or software using visual elements such as icons, buttons, windows, and menus, rather than text-based commands. GUIs are designed to make software and systems more accessible to users by providing a visually intuitive way to interact with them,…
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Liquidity provider (LP)
A Liquidity Provider (LP) is an individual or entity that contributes assets (such as cryptocurrencies) to a liquidity pool on a decentralized exchange (DEX) or decentralized finance (DeFi) platform. Liquidity pools are essential components of DeFi systems, enabling users to trade assets in a decentralized, automated manner without relying on traditional order books. Liquidity providers…
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Cardano Token Registry
The Cardano Token Registry is a decentralized repository where metadata for tokens issued on the Cardano blockchain is stored and managed. This registry allows token creators to register their tokens and attach relevant metadata, such as the token’s name, description, ticker symbol, and other important attributes. By storing metadata off-chain but making it accessible via…
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Decentralized Encrypted Assets (DEAs)
Decentralized Encrypted Assets (DEAs) refer to digital assets that are stored, managed, and transacted on decentralized networks with the added layer of encryption to protect data privacy and security. These assets are distributed across a blockchain network rather than controlled by a centralized entity, and they leverage encryption to ensure that sensitive data related to…
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Tokenization
Tokenization is the process of converting ownership rights, assets, or physical objects into digital tokens on a blockchain. These tokens represent a specific asset and can be used to transfer ownership, divide the asset into smaller units, or facilitate transactions in a secure and transparent manner. Tokenization allows real-world assets like stocks, real estate, art,…
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Minimum Attack Vector (MAV)
Minimum Attack Vector (MAV) refers to the smallest group of entities (e.g., individuals, nodes, or validators) that an attacker would need to compromise in order to control or disrupt a network. In the context of blockchain networks, MAV is a security metric that measures how resistant a decentralized network is to attacks by highlighting the…
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Chimeric Ledger
A Chimeric Ledger refers to a hybrid ledger that allows a blockchain to manage both native tokens (like ADA in Cardano) and custom tokens or assets within the same system. This concept allows for a flexible, multi-asset ledger where various assets can coexist and interact on the blockchain without needing specialized, separate infrastructures for each…
